TORAJAMELO is a social enterprise that seeks to preserve the traditional backstrap-loom weaving culture of Indonesia by empowering rural women weavers and uplifting local communities.
In recent years, the United States has witnessed the remarkable contributions of immigrants, particularly Latinos, to its thriving economy. As one of the largest and fastest-growing ethnic groups in the country, Latinos have played a significant role in shaping various sectors of the economy, from small businesses to large corporations. “US Latinos account for the fastest-growing portion of US GDP. So much so, that if we considered US Latinos as their own country, it would be third only to the GDP growth rate of China and India in the past decade”.(McKinsey 2022)
In recent years, the fashion industry has come under increasing scrutiny for its negative impact on the environment and human rights. Sustainable fashion is no longer a niche concern but a pressing necessity. The apparel industry accounts for 10% of global carbon emissions and remains the second-largest industrial polluter after oil.
Ecommerce in Africa is on the rise. There will be "half a billion e-commerce users by 2025, which will have shown a steady 17% compound annual growth rate (CAGR) of online consumers"—source International Trade Administration. How can you integrate the environmental, social and economic dimensions? As part of the B corp month, we discussed with Juliet Kennedy, the founder of Greenspoon | B-Corp 🌍, a certified B Corp in Kenya!
Consumers are demanding more sustainable products, regulators are coming in and companies are embracing sustainability. Gen Z "cares more about sustainable buying decisions than brand names". Since 2006 B Lab, a US not-for-profit has fostered the movement of "business for good" through a voluntary certification process, the B Corp, a holistic certification for businesses. But what is a B Corp?
Tourism contributes more than 5% of the total African continent GDP, with some country historically relying on the natural endowment to boost a strong sector. However, the sector is poised for change after the pandemic and the climate crisis. And the opportunities, in a Schumpeterian fashion, come from disruptors of the traditional status quo. Purple Elephant Ventures is one of these new emerging actors trying to work at the convergence of tourism, tech, and climate.